The American Securitization Forum, the trade organization for asset-​backed securities, held its 2007 Annual Meeting Yesterday in New York. While much of the discussion undoubtedly involved new guidelines and sub-​prime mortgage lending, the asset-​backed commercial paper market is always a large part of the agenda. ABCP currently totals $​1.​13 trillion, or 53 percent of the $​2.​11 trillion commercial paper market. (​Money market funds hold about one-​third of the CP and ABCP markets.)

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